Any individual whose total income exceeds the basic exemption limit as per the Income Tax Act is required to file an income tax return. This includes salaried individuals, freelancers, business owners, and others.

Common documents include PAN card, Aadhaar card, Form 16 (for salaried individuals), bank statements, investment proofs (such as mutual funds, stocks, etc.), and any other relevant financial documents.

The due date for filing income tax returns for individuals is usually July 31st of the assessment year. However, it may vary depending on the individual's circumstances or if an extension is granted by the tax authorities.

Yes, individuals can file their income tax returns online through the official Income Tax Department's e-filing portal or other authorized online platforms. E-filing offers convenience and is the preferred method for most taxpayers.

Late filing or non-filing of income tax returns may result in penalties and interest charges. Additionally, it could lead to legal consequences such as notices from the Income Tax Department or even prosecution in severe cases.

Yes, several deductions and exemptions are available under various sections of the Income Tax Act, such as Section 80C (for investments in specified instruments like PPF, ELSS, etc.), Section 80D (for health insurance premiums), and many more. These can help reduce taxable income and lower the tax liability.